Manufacturing

February 5, 2024

Manufacturing Industry Trends to Watch in 2024

Businesses in the manufacturing sector contribute significantly to the economy by utilizing raw materials to create a wide range of finished products. In recent years, this industry has experienced considerable growth and has capitalized on recent legislation that provided substantial funding and tax incentives. The Infrastructure and Jobs Act, the Creating Helpful Incentives to Produce...

July 17, 2023

OSHA Launches New National Emphasis Program for Warehouse and Distribution Center Hazards

On July 13, 2023, OSHA launched a National Emphasis Program (NEP) to prevent workplace hazards in warehousing and distribution center operations, mail/postal processing and distribution centers, parcel delivery/courier services and certain high-injury-rate retail establishments. The NEP is expected to expire in July 2026. NEP Overview Under this three-year NEP, OSHA will conduct comprehensive safety inspections...

April 27, 2023

Business Risks in an Economic Downturn

Without a thorough evaluation of its business model, any manufacturer can be severely threatened by an economic downturn. While devising creative solutions to keep your business running despite unfavorable economic conditions, keep in mind that changes to your business can result in new liability exposure. Supply Chain Risks It’s no secret that the financial security...

February 28, 2023

Manufacturing Industry Trends to Watch

The manufacturing sector consists of businesses that utilize raw materials to generate finished products. Due to the range of items this industry plays a role in producing (e.g., food and beverages, textiles, apparel, wood products, chemicals, plastics, metals, electronics, machinery and furniture), it contributes significantly to the overall economy. Further, this sector has experienced considerable...

January 26, 2023

Frequently Cited OSHA Standards – 2022

OSHA keeps records not only of the most frequently cited standards overall but also within particular industries for each fiscal year. Understanding these standards and taking proactive steps to avoid violations can go a long way toward ensuring workplace safety. When it comes to the manufacturing industry, the following standards were most cited in 2022:...

January 11, 2023

5 Trends in Digital Security Transformation to Watch For in 2023

A June 2020 study by McKinsey & Company found that the pandemic has accelerated the digital economy by 7 years. The digital adoption of applications for corporate work, in conjunction with tech solutions for physical security, is not just a temporary fix. These solutions are here to stay. As new technologies and digital solutions transform security operations,...

December 20, 2022

Economic Factors Will Dictate Risk Trends for 2023

While there are varying measurements of what qualifies as a recession, the consensus is that rising interest rates and high inflation will continue to put the financial squeeze on Americans in the new year. In these economic conditions, it’s likely insurance companies will see an uptick in claims related to inflation and the heightened cost...

December 14, 2022

It’s a Wrap: Key Issues Insurers Faced in 2022

Insurers faced some tough challenges in 2022, including a few that threatened their very existence. Astronomical jury verdicts, AI deep fakes, seemingly unending numbers of claims seeking compensation for coronavirus business shutdowns — more than a few industry lawyers spent sleepless nights beating back litigation that targeted the very core of the industry’s stability. Here’s...

October 28, 2022

Preventing Slips, Trips and Falls During Winter

As temperatures begin to drop, walkways can quickly become hazardous due to snow and ice. Winter slips and falls at businesses are common sources of injuries for visitors and employees alike. As an employer, it’s crucial to maintain the safety of your property and keep your employees and visitors safe. Whether you take care of...

May 18, 2022

Why Are US Commercial Insurance Rates Continuing to Climb?

A new report from the American Property Casualty Insurance Association (APCIA) has looked into the impact of inflationary pressures on commercial lines insurance in the US and identified three main drivers of commercial insurance rate increases. “Insurers and agents continue to look for ways to reduce costs while still meeting all obligations to policyholders, but as claims...